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Toms already has orders from 300 stores, including Nordstrom, Urban Outfitters and Bloomingdale's, for 41,000 pairs from its spring and summer collections, and it will be entering Australia, Japan, Canada, Spain and France this summer. The company will introduce a line of children's shoes called Tiny Toms in May and will unveil a pair of leather shoes in the fall...
...last and greatest reform," Prime Minister Yasuhiro Nakasone calls it. When he steps down from his post, as he is expected to do next fall, he hopes to leave behind at least one lasting legacy: a comprehensive reform of Japan's tax system. Last week his goal seemed within reach as Japan's ruling Liberal Democratic Party approved a plan to overhaul the tax code from top to bottom. The party will submit the proposal to Japan's Diet early next year. Much like this year's revamping of the U.S. tax code, the new program aims at dramatic cuts...
Tokyo's short-term goal, of course, is to give a boost to the country's sagging economy. Japan's gross national product is expected to grow this year by just 2.3%, its lowest level since 1974. The government believes a cut in income taxes will spark not only consumer spending but business investment. At the same time, however, Nakasone wants to reduce Japan's $840 billion national debt. To that end, the sales tax and savings-interest levy are expected to generate revenues of $28 billion...
...Middle Australia, its changes to workplace relations are extreme, it has neglected the environment, and the country's future wealth will be at risk when the resources boom ends. Somehow, with a mix of clich?s ("Australia has reached a fork in the road") and slogans ("China's quarry and Japan's beach"), Rudd has managed to "cut through"?the dream of political word wranglers. Inevitably, Rudd's success so far has elicited comparisons with former leader Mark Latham, who made local politics interesting in 2004. All of Canberra's political pros have come a long way since then...
...Ahtisaari will unveil his plan in Serbia and Kosovo before presenting it to the Contact Group - an informal grouping comprising United States, Russia, Great Britain, Germany, Italy, and Japan - behind closed doors in Vienna, where the document may undergo minor changes before being sent to the U.N. Security Council, where a resolution is expected by late March. Although they are to be formally consulted on the plan, neither Serbia nor Kosovo will be able to change it. At present, Russia is the only Contact group member who might oppose Kosovo's independence, but few believe that Moscow will...